2012-11-15T09:39:57-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-01-01 410414520 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE MINN 6123709141 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 TODD KLINGEL 6123709141 2012-11-12 1 JOHN TAUER P00294068 6123764500 2011 2016-02-24 21:20:13Z TODD KLINGEL 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 2151776 0 X WWW.MINNEAPOLISCHAMBER.ORG X 1881 MN CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. 46 44 21 46 42928 -2000 12325 30905 1950897 2064180 2586 1247 21884 55444 1987692 2151776 0 0 0 0 799365 820603 0 0 0 1115254 1264756 1914619 2085359 73073 66417 750743 989445 482083 654368 268660 335077 X CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. 0 0 COMMUNITY LEADERSHIP: MRCC CONDUCTED LEADERSHIP TWIN CITIES WITH 74 PARTICIPANTS. LEADERSHIP TWIN CITIES IS A LEADERSHIP DEVELOPMENT PROGRAM THAT INFORMS INDIVIDUALS ABOUT THE CRITICAL ISSUES FACING MINNEAPOLIS AND SURROUNDING CITIES AND CHALLENGES THEM TO MAKE A DIFFERENT THROUGH PERSONAL COMMITMENT AND INVOLVEMENT. MRCC ORGANIZED AND LED DELEGATION OF 74 COMMUNITY, GOVERNMENT AND BUSINESS LEADERS TO PORTLAND, OR FOR AN INTER-CITY LEADERSHIP VISIT, IN WHICH THE LEADERS TOURED THE CITY, MET WITH THEIR COUNTER-PARTS, AND HEARD PRESENTATIONS ON PORTLAND'S ECONOMIC GROWTH STRATEGIES, AMENITIES AND ATTRACTIONS. THE KEYSTONE PROGRAM RECOGNIZES AND HONORS COMPANIES THAT DONATE AT LEAST 2% OF THEIR PRE-TAX EARNINGS TO THE COMMUNITY. OVER 30 YEARS AGO, 23 MINNESOTA COMPANIES CREATED THIS PROGRAM (ORIGINALLY KNOWN AS "THE 5% CLUB") TO RECOGNIZE AND ENCOURAGE CHARITABLE GIVING AND TO SET AN EXAMPLE FOR THEIR BUSINESS COLLEAGUES. KEYSTONE CELEBRATED ITS 35TH YEAR AND ENROLLED OVER 199 MEMBERS IN 2011. MORE THAN 450 INDIVIDUALS ATTENDED THE EVENT IN DECEMBER. SINCE 1991, THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE HAS PRESENTED ITS QUALITY OF LIFE AWARDS AS A PUBLIC WAY OF CONGRATULATING LOCAL BUSINESSES FOR DOING WHAT THEY DO BEST, PROVIDING DESIRABLE PLACES TO WORK AND CREATING SOUND COMMUNITIES IN WHICH TO LIVE AND DO BUSINESS. THREE AWARDS ARE GIVEN TO CHAMBER MEMBER BUSINESSES AND/OR ORGANIZATIONS IN THREE CATEGORIES: LARGE, MEDIUM, AND SMALL BUSINESS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 11 0 21 1 1 1 0 0 0 0 0 X 46 44 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 1 1 X X CHERYL BUTZ 6123709141 81 S NINTH STREET 200 MINNEAPOLIS MN 55402 CHARLES ZELLE 1.00 X X 0 0 0 SUSAN ADAMS LOYD 1.00 X X 0 0 0 PATRICIA GRAZZINI 1.00 X X 0 0 0 PAUL ADELMAN 0.30 X 0 0 0 MATTHEW ANDERSON 0.30 X 0 0 0 JIM BENA 0.30 X 0 0 0 TODD ANLAUF 0.30 X 0 0 0 LESTER BAGLEY 0.30 X 0 0 0 STEVE BIANCHI 0.30 X 0 0 0 DON BORNHORST 0.30 X 0 0 0 PATRICK BOULAY 0.30 X 0 0 0 TAL CENTERS 0.30 X 0 0 0 JOHN COLBOURNE 0.30 X 0 0 0 MIKE DIMOND 0.30 X 0 0 0 DEBORAH FERRY 0.30 X 0 0 0 SAM GRABARSKI 0.30 X 0 0 0 LINDA HALLER 0.30 X 0 0 0 JOANN HANSON 0.30 X 0 0 0 COREY HOEPPNER 0.30 X 0 0 0 STEVE JAHN 0.30 X 0 0 0 MATT JOHNSON 0.30 X 0 0 0 WILLIAM JONASON 0.30 X 0 0 0 BRIEN KENNEDY 0.30 X 0 0 0 MICHAEL KLINGENSMITH 0.30 X 0 0 0 LEE KOCH 0.30 X 0 0 0 TONI LEA 0.30 X 0 0 0 BETH LEBRECHE 0.30 X 0 0 0 LAURA MCCARTEN 0.30 X 0 0 0 LAURA MORET 0.30 X 0 0 0 LAURA MULLEN 0.30 X 0 0 0 JEFFREY D PETERSON 0.30 X 0 0 0 DAVID PRINCE 0.30 X 0 0 0 IRENE QUARSHIE 0.30 X 0 0 0 WILL ROACH 0.30 X 0 0 0 JIM ROTH 0.30 X 0 0 0 RANDY SANDS 0.30 X 0 0 0 DAN SEEMAN 0.30 X 0 0 0 KENNETH SORENSEN 0.30 X 0 0 0 DAVID ST PETER 0.30 X 0 0 0 DAVID TASHJIAN 0.30 X 0 0 0 MELVIN TENNANT 0.30 X 0 0 0 PHILLIP TRIER 0.30 X 0 0 0 MARIE UHRICH 0.30 X 0 0 0 KENT WARDEN 0.30 X 0 0 0 LESLIE WATSON 0.30 X 0 0 0 CHRIS WRIGHT 0.30 X 0 0 0 TODD KLINGEL 40.00 X 173767 0 46616 173767 0 46616 1 0 1 0 0 30905 30905 MEMBERSHIP DUES 519100 1033298 1033298 EVENTS, FUNCTIONS 519100 877118 877118 LEADERSHIP PROGRAM 519100 109854 109854 ADVERTISING 511120 42928 42928 INFORMATION SERVICES 519100 982 982 2064180 1247 1247 MISCELLANEOUS INCOME 900099 55444 55444 55444 2151776 2021252 42928 56691 210072 495023 13488 42312 59708 85933 7500 63392 160886 99187 3821 306295 67977 308826 32742 8215 MISCELLANEOUS 84870 BANK SERVICE CHARGES 16856 DUES AND SUBSCRIPTIONS 13958 TAXES 4298 2085359 57164 339069 474945 452239 31658 14666 100639 10846 95680 473139 392984 75491 80155 0 7636 750743 989445 45014 37382 417576 589260 19493 27726 482083 654368 X 268660 335077 268660 335077 750743 989445 66417 0 X 0 1 1 X 0 0 0 0 0 0 0 0 1033298 7500 7500 30999 -23499 77436 44938 32498 356866 316246 40620 38837 31800 7037 80155 CAPITAL LEASE PAYABLE 19914 DEFERRED RENT BENEFIT 7812 27726 2151776 2085359 66417 66417 2151776 0 2151776 0 2151776 2085359 0 2085359 0 2085359 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE IS A QUALIFIED TAX-EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES. HOWEVER, THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE FILES AN INCOME TAX RETURN RELATING TO ITS UNRELATED BUSINESS INCOME ACTIVITIES. INCOME TAXES FOR UNRELATED BUSINESS INCOME ACTIVITIES ARE ACCRUED AND INCLUDED IN THE COMBINED STATEMENT OF ACTIVITY IN THE YEAR INCURRED. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2008 THROUGH 2011 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. X X X X 0 0 0 TODD KLINGEL 163649 0 10000 0 118 0 17052 0 29564 0 220383 0 10000 0 DELTA AIRLINES D. BORNHORST, A BOARD MEMBER OF THE CHAMBER IS AN OFFICER OF DELTA AIRLINES 49187 PURCHASE OF AIRLINE TICKETS 0 MINNESOTA TWINS D. ST. PETER, A BOARD MEMBER OF THE CHAMBER IS AN OFFICER OF THE MN TWINS 20120 PURCHASE OF GAME TICKETS 0 FORM 990, PART VI, SECTION A, LINE 1 THE CHAMBER'S EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIR, CHAIR-ELECT, FIRST VICE CHAIR, SECRETARY/TREASURER, IMMEDIATE PAST CHAIR, EACH AREA COUNCIL CHAIR AND THREE TO FIVE BOARD MEMBERS APPOINTED BY THE CHAIR. IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE HAS THE CHARGE OF ROUTE BUSINESS OF THE CHAMBER AND IS PERMITTED TO ESTABLISH POLICIES OF THE CHAMBER ON ALL MATTERS, INCLUDING MATTERS OF A PUBLIC POLICY OR LEGISLATIVE NATURE. IT SHALL HAVE GENERAL CHARGE OF THE FINANCES AND PROPERTY OF THE CHAMBER AND SHALL HAVE AUTHORITY TO ORDER DISBURSEMENTS FOR NECESSARY EXPENSES AND MAY, ACTING THROUGH THE SECRETARY/TREASURER, GRANT TO ANY COMMITTEE A REASONABLE AMOUNT OF MONEY FOR SPECIAL WORK. THE EXECUTIVE COMMITTEE MAY REFER MATTERS BROUGHT BEFORE IT TO ANY OTHER COMMITTEE OR TASK FORCE. THE EXECUTIVE COMMITTEE IS THE PRIMARY LIAISON BETWEEN THE BOARD OF DIRECTORS AND THE AREA BOARDS OF DIRECTORS, AND IS RESPONSIBLE FOR COMMUNICATING AND ENFORCING THE DIRECTIVES AND POLICY OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF BUSINESSES IN THE MINNEAPOLIS REGIONAL AREA; BOARD MEMBER'S COMPANIES ARE REQUIRED TO BE MEMBERS OF THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANT WITH THE ASSISTANCE OF MANAGEMENT. THE RETURN WILL BE PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS AFTER THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH RESPONSIBLE PERSON MUST REVIEW THE POLICY AND ANNUALLY COMPLETE A DISCLOSURE FOR IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. ANY SUCH INFORMATION REGARDING BUSINESS INTEREST IS GENERALLY BE MADE AVAILABLE TO THE CHAIR, THE PRESIDENT, EXECUTIVE DIRECTOR AND ANY COMMITTEE APPOINTMENT TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN DISCUSSIONS OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS A SECRET BALLOT. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A COMPARABLE SURVEY DATA FROM NONPROFIT ORGANIZATIONS, THE NATIONAL CHAMBER OF COMMERCE, AND OTHER ASSOCIATION MARKET DATA IS PROVIDED TO THE COMPENSATION COMMITTEE TO REVIEW AND APPROVE FOR OFFICER'S COMPENSATION. A 3% INCREASE WAS GIVEN IN 2011; THE COMPENSATION COMMITTEE REVIEWED SURVEY DATA IN 2010. THEY REVIEWED AND APPROVED THE TOTAL COMPENSATION PACKAGE FOR THE PRESIDENT/CEO FOR 2009 AND 2010 AT THIS TIME, NO ADDITIONAL MEETINGS WERE HELD IN 2011 TO REVIEW COMPENSATION OF THE PRESIDENT/CEO. THE PRESIDENT/CEO IS THE ONLY EMPLOYEE THAT HAD COMPENSATION REVIEWED BY THE COMMITTEE. A FORMAL REVIEW OF THE SALARY OF THE PRESIDENT/CEO IS BEING CONDUCTED IN 2012. AT THAT TIME A REVIEW OF THE SALARY SURVEYS LISTED ABOVE WERE USED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE WEBSITE AND UPON REQUEST. EXPLANATION FOR HOURS WORKED FORM 990, PART VII, SECTION A TODD KLINGEL DEVOTED APPROXIMATELY 45 HOURS PER WEEK AS FOLLOWS: MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 40 HOURS MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION 5 HOURS THE MEMBERS OF THE BOARD OF DIRECTORS OF THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE ALSO SERVE ON THE BOARD OF THE DEVELOPMENT FOUNDATION. THESE INDIVIDUALS DEVOTED APPROXIMATELY .4 HOURS PER WEEK AS FOLLOWS: MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE .3 HOURS MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION .1 HOURS MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION 81 S NINTH ST 200 MINNEAPOLIS MN 55402 363468708 ECONOMIC DEVELOPMENT MN 501(C)(3) LINE 7 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0